This report is a follow-up to the green paper on renewable energy policy in Russia: Waking the Green Giant. It provides a legal analysis of financing mechanisms for renewable energy investments on the Russian wholesale and retail electricity markets and... انظر المزيد +This report is a follow-up to the green paper on renewable energy policy in Russia: Waking the Green Giant. It provides a legal analysis of financing mechanisms for renewable energy investments on the Russian wholesale and retail electricity markets and in the heating sector. It examines the regulatory developments concerning tariffs and the promotion of renewable energy sources through the wholesale capacity market. In addition to this analysis of renewable energy support through the wholesale market, this report examines the Russian regulation on electricity retail tariffs and heat tariffs, as well as tariff guarantees for energy efficiency improvements. The report describes the regulatory framework governing tariff and price formation for renewable energy generating facilities in Russia. The scope of the present report is limited to the question of tariff regulation and price formation. The structure of the report proceeds as follows. Part two analyses the promotion of renewable energy through the Russian capacity market. Part three examines the possibility for regional tariff authorities to adopt specific tariffs for the electricity that renewable energy installations sell on the electricity retail market. Part four focuses on tariff guarantees that Russian energy efficiency regulation establishes in order to promote energy savings. Part five provides an analysis of heat tariffs for renewable energy investments. Part six looks at the possibility to finance renewable energy projects in Russia with European support under the so-called 'joint project' mechanism that the European renewable energy directive created to help member states achieve their mandatory renewable energy targets.
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